Bill Text: TX SB1640 | 2013-2014 | 83rd Legislature | Engrossed
Bill Title: Relating to the allocation of enterprise project designations during a biennium.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2013-05-06 - Referred to Economic & Small Business Development [SB1640 Detail]
Download: Texas-2013-SB1640-Engrossed.html
| By: Deuell | S.B. No. 1640 | |
|
|
||
|
|
||
| relating to the allocation of enterprise project designations | ||
| during a biennium. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2303.403, Government Code, is amended to | ||
| read as follows: | ||
| Sec. 2303.403. PROHIBITION ON QUALIFIED BUSINESS | ||
| CERTIFICATION; LIMIT ON ENTERPRISE PROJECT DESIGNATIONS. (a) If | ||
| the bank determines that the governing body eligible to nominate an | ||
| enterprise project is not complying with this chapter, the bank | ||
| shall prohibit the certification of a qualified business until the | ||
| bank determines that the governing body is complying with this | ||
| chapter. | ||
| (b) The bank may not designate more than 105 enterprise | ||
| projects during any biennium. Any designations remaining at the | ||
| end of a biennium may be carried forward to the next biennium. | ||
| (c) The bank may allocate the total number of enterprise | ||
| project designations available in a biennium under Subsection (b) | ||
| among two annual or four semiannual periods so that a nearly equal | ||
| number of designations are available to be awarded in each annual or | ||
| semiannual period. | ||
| SECTION 2. This Act takes effect September 1, 2013. | ||
